Page-2 of SIDBI Current Affairs, GK & News

SIDBI, TransUnion CIBIL launch financial knowledge platform for MSMEs

The Small Industries Development Bank of India (SIDBI), in association with TransUnion CIBIL, has launched a comprehensive financial education and knowledge platform meant for the micro, small and medium enterprises functioning in the country. Highlights Known as MSMESaksham, this new platform will guide the MSME sector in search of seamless and quick access to finance ..

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Scheme with Guarantee Cover worth Rs 20,000 Crore launched for MSMEs

This scheme was announced as a part of the AtmaNirbhar Bharat Package by Finance Minister back on 13th May 2020. On 24th June 2020, the Credit Guarantee Scheme for Sub-ordinate Debt (CGSSD) was launched. The scheme is also called as Distressed Assets Fund- Sub- Ordinate Debt for MSMEs. Union Minister of Medium, Small and Marginal ..

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MoU for providing Special Micro-Credit Facility for Street Vendors signed

The Union Ministry of Housing and Urban Affairs has signed a memorandum of understanding (MoU) with Lucknow based financial institution SIDBI- Small Industries Development Bank of India on 19th June 2020. The MoU will provide a boost in building Atmanirbhar Bharat by providing credit or loans to the street vendors across the country for resuming ..

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SAFE Scheme: SIDBI provides working capital of Rs 1 crore to MSME

On April 8, 2020, the Small Industries Development Bank of India announced that it will provide emergency working capital of Rs 1 crore to small and medium enterprises. SAFE Scheme The SIDBI launched SAFE scheme on March 26, 2020. The SAFE scheme is SIDBI Assistance to Facilitate Emergency Response against Corona Virus. It is financial ..

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GoI: Invest India Business Immunity Platform launched

On March 24, 2020, the India’s National Investment Promotion and Facilitation Agency called the Invest India launched “The Invest India Business Immunity Platform”. The platform is to operate on the website of Invest India. Highlights The platform is to give real time updates about India’s response and actions against Corona Virus. It will provide latest ..

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